Trump is announcing as we write the new understanding agreement he has with Mexico on trade and he’s not going to call in NAFTA:
BREAKING: Trump says he'll be 'terminating' NAFTA as he pursues trade deal with Mexico, starts negotiations with Canada.
— The Associated Press (@AP) August 27, 2018
Here’s more:
AP – President Donald Trump says he’ll be “terminating” the North American Free Trade Agreement as he pursues a deal with Mexico and starts negotiations with Canada.
Trump said Monday during an Oval Office event that he’ll be calling the emerging agreement the “United States-Mexico Trade Agreement.” He says it will mark the end of the NAFTA name.
Mexican President Enrique Peña Nieto was on speakerphone and says he hopes NAFTA partner Canada will eventually be incorporated into the deal.
Adam Austen, a spokesman for the Canadian Foreign Minister, says Canada had been in regular contact with the NAFTA negotiators.
He says, “We will only sign a new NAFTA that is good for Canada and good for the middle class,” adding that, “Canada’s signature is required.”
Trump suggested he might do a ‘separate deal’ with Canada or that he might try and get Canada as a party to this deal. It sounds like he wants to protect what he’s agreed to with Mexico and is willing to do a separate deal with Canada in order to do that.
Here’s some of what he had to say about negotiating with Canada:
"As far as Canada is concerned, we haven't started with Canada yet. We wanted to do Mexico and see if that was possible to do … Canada will start negotiations shortly," @POTUS says during trade announcement https://t.co/MKggitgOVx pic.twitter.com/whRQohVbmo
— CBS News (@CBSNews) August 27, 2018
.@POTUS: “I like to call this deal United States-Mexico Trade Agreement. I think it's an elegant name. I think NAFTA has a lot of bad connotations for the United States because it was a ripoff. It was a deal that was a horrible deal for our country." https://t.co/MKggitgOVx pic.twitter.com/Ehetx1w8NY
— CBS News (@CBSNews) August 27, 2018